When a home is ready to go on the market, homeowners always want to know how long it’s going to take to sell it. If you have a real estate agent, they’ll give you an estimated time because they know all that’s involved in it.
Agents know the average amount of days it takes to sell a place. However, you can sell your home yourself and be able to sell it within the time frame that you hope to do it in.
While you might think that selling a home quickly means you have to take a low ball offer, that’s not true. Moving a house on the market isn’t that difficult if you’ve prepared yourself with the knowledge that you need.
You need to know the market first of all. You need to understand if it’s a buyers’ or a sellers’ market. Because if it leans the buyers’ way, then they have the upper hand.
But if it’s a sellers’ market, then you do. You have to be able to adjust if it’s a buyers’ market. But keep in mind that if your home is what they’re looking for, a determined buyer will make the right offer.
In a sellers’ market you can usually get the full asking price for your house because you’ll often have multiple potential buyers. The amount of time that it takes to sell your house is going to be determined by the location.
Houses that are considered to be in prime locations are always going to sell faster than other homes. In areas where housing is limited and the demand is high, homes that are sell-ready often end up with a contract on them in a matter of days.
Certain factors make a home more desirable – such as how close it is to a good school district or if it’s in an established neighborhood. The price that you have your home listed at can either move it quickly or make it end up sitting on the market for months.
It can be tempting to know that your house is worth $300,000 and to price it at a bit above that. But you’ll get more offers by pricing your home right at or just below what it’s valued at.
If you price your home at $295,000, you’ll end up getting more bids on it. Homes that are more affordable tend to move faster than ones that are more expensive. The shape that your home is in will also be a determining factor in how quickly it will move. A house that’s in great shape and looks good inside and out will sell faster than a home that needs some work.